June 8, 2017 – Chicago-based private equity firm Shorehill Capital LLC (“Shorehill”) has formed Tribus Aerospace LLC (“Tribus Aerospace”) to acquire Advanced Machining & Tooling, LLC (“AM&T”), a manufacturer of complex, precision machined parts and assemblies. Shorehill Private Equity LP is the majority shareholder of Tribus Aerospace, which intends to acquire precision machining businesses focused on critical engine, motion control and flow control parts and assemblies primarily for the aerospace and defense industries.
The terms of the acquisition were not disclosed.
Founded in 1989 and headquartered in Poway, CA, AM&T is a manufacturer of precision, complex machined parts and assemblies for the aerospace, military, space, industrial, medical, electronics, and laser industries. Machining capabilities include: precision CNC machining, electrical discharge machining (EDM), and waterjet cutting. AM&T also supplies completed assemblies used in a variety of mission critical applications. For additional information, visit www.amtmfg.com.
“I am proud of the team we have built at AM&T and the customer relationships we have developed over the past 28 years. I believe the business is well-positioned for future growth with Tribus Aerospace and Shorehill,” said AM&T shareholder and CEO Terry Deane.
“We believe Shorehill’s investment experience and executive network will support our current business with existing customers and assist growth with new customers. I am excited about the opportunities for the entire AM&T team and to be part of the long-term future of our company,” said Tony Cerda, shareholder and President of AM&T.
“AM&T is a respected manufacturer of tight tolerance, difficult to manufacture parts for major OEMs and Tier 1 suppliers. AM&T is an excellent first acquisition for Tribus Aerospace and we are excited to partner with the AM&T team,” said Doug Knoch, Managing Director at Shorehill.
Comerica Bank provided financing to support the AM&T acquisition. Paul Hastings LLP served as legal advisor and Crowe Horwath LLP provided accounting and tax advice to Tribus Aerospace and Shorehill.
About Shorehill Capital
Shorehill Capital is a Chicago-based private equity firm targeting control investments in North American engineered products manufacturers, value-added distributors and industrial service companies with enterprise values up to $150 million. Shorehill seeks opportunities where its experience, network of advisors and investment management approach can have a significant impact on investment performance. The Shorehill partners have a track record spanning more than 25 years of helping middle market companies achieve increased growth and improved operational performance through a structured investment management plan. For additional information, please visit www.ShorehillCapital.com.